Thread regarding Devon Energy Corp. layoffs

Devon fire sale, nobody is safe

So Hager says he's selling everything outside of Stack, Rockies, and Permian. What's going to happen? Is he testing waters or have deals been made?

Man I feel like sitting ducks waiting for a package. Who's gonna buy eagle ford? Who's gonna buy Canada? Will they switch ppl to diff teams and save them? Gosh can't sleep...

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| 3451 views | | 8 replies (last April 4, 2018) | Reply
Post ID: @OP+SqzzCXq

8 replies (most recent on top)

Devon in the shower with Sandusky. How much longer?

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Post ID: @6hnu+SqzzCXq

Sooooooooo

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Post ID: @5swa+SqzzCXq

For a company so focused on stock value, you'd think Devon would be doing better. As price of oil rises, DVN stock continues to slide. After buying into the Eagle Ford in '14 for $6B, stock value rose to $80/share. It's now valued at $30! Way to go, Devon! Dumb leadership.

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Post ID: @5gag+SqzzCXq

Whomever commented at DE’s providing value is comical. Devon DE’s are glorified middle men. They don’t actually do much. They contract all plans out to Halliburton. They are informed of what is occurring at the rig. They are not the ones making the calls if something goes south. That’s what the Co man and supers are for. And this is comin from a DE. And don’t get me started on asset team drillers. Ha. I’m collecting my pay though.

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Post ID: @4ifs+SqzzCXq

3 guys i workED with were given papers within the past 3 weeks. all over 50 years old. you say there's no target? i call BS.

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Post ID: @2tfm+SqzzCXq

I heard on the 36th floor that Wellcon is shutting down and the BU's are going to start steering their own wells again. Sooooooooooo, I talked to a buddy of mine MM, and he 'hinted' that DE's will stay since they are producing valuable risk mitigation data.

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Post ID: @zly+SqzzCXq

Trolllllll

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Post ID: @qri+SqzzCXq

Dear Mr. Troll,

Looks like you have been reading Yahoo Finance and/or Seeking Alpha. We, at DVN, are all well to aware of this and have been since the last earnings call. It is obvious that you don't work here. So...stir your $hit stew somewhere else.

Sincerely,

Me

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Post ID: @fuu+SqzzCXq

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